Sensex, Nifty trade flat after opening higher; Bharti twins gain

Bharti-Airtel2

Equity benchmarks opened mildly higher on Thursday but immediately erased those gains to trade flat. Investors closely watch crude oil prices movement and other global cues due to lack of domestic cues.

The 30-share BSE Sensex was down 23.63 points at 33,537.92 and the 50-share NSE Nifty fell 4.80 points to 10,337.50.

About 719 shares advanced against 409 declining shares on the BSE.

Bharti Airtel, Bosch, Bharti Infratel, Infosys and Power Grid were early gainers.

Dr Reddy’s Labs, UltraTech Cement, Asian Paints, Zee Entertainment and Axis Bank were early losers.

ICICI Prudential Life, HDFC Standard Life and SBI Life were under pressure, falling 2-4 percent.

Quess Corp plunged 6 percent as Thomas Cook (up 4.5 percent) is selling some stake in the company.

PC Jeweller, VIP Industries and ACE gained 2-4 percent.

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Sensex, Nifty rangebound; RBI’s MPC meet outcome awaited Sensex, Nifty continue to be sluggish ahead of RBI policy; Europe mixed
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